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the city a federal bailout. her reasoning is rather direct. detroit overwhelmingly supported the president's re-election so she says the president should, obviously, return the favor. here is councilwoman watson saying just exacy that in a city council meeting yesterday. >> after the election of jimmy carter, alexander young, he went to washington, d.c.. he came back home with bacon. >> that's right. i remember that. >> that's what you do. that's what you do. this is a -- our people in an overwhelming way supported the re-election of the president, and there ought to be a quid pro quo. lou: detroit facing a budget deficit of more than $200 million and could be out of money by the end of the year. a california teachers union taking class warfare to two extremes. the california federation of @%achers producing and releasing an eight-minute long video on the website this week advocates higher taxes on the rich and to drive home their point, they show a wlthy 1% urinating on the 99 #%. these are teachers, mind you.
the city a federal bailout. her reasoning is rather direct. detroit overwhelmingly supported the president's re-election so she says the president should, obviously, return the favor. here is councilwoman watson saying just exacy that in a city council meeting yesterday. >> after the election of jimmy carter, alexander young, he went to washington, d.c.. he came back home with bacon. >> that's right. i remember that. >> that's what you do. that's what you do. this is a -- our...
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does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we don't have any vacancie for new young people that are trying to move into the downtown area. certainly municipal governance is broken. we have to become a better partner with our business community to fix some of the ills of detroit. but we know what the solutions are. we know what the problems are. we have, as political leaders, the political will to make the tough decisions to write the financial ship and become a betterpartner to help the corporate business community of detroit. gerri: if you are doing such a good job, why have you lost 25% of your population over the past decade? i will repeat that because i know you have technical issues. but we couldn't help but notice in researching the sory that the city
does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we don't have any vacancie for new young people that are trying to move into the downtown area. certainly municipal governance is broken. we have...
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Dec 27, 2012
12/12
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phoenix up dramatically 22%, one of the cities creamed in the downturn. where are the bright spoos in this country? >speak when it comes to price increases, places like phoenix, detroit and more recently las vegas, parts of florida and even atlanta. places all hit hard during the bus. but a lot of it is coming from investor interest. there are other interests that have even stronger fundamentals missing the boom and the bus. gerri: i have to tell you everybody feels the pain, i think. the white house, the administration leading the way in putting together for work yet another bailout program, it sounds like. they want to extend existing programs to people who owe more than their home is worth. tell us about that. i'm confused by the administration would be thinking of this now as the market is recovering. >> a year ago they spend the program if you have a mortgage-backed, you were underwater and could refinance. it was quite successful, hundreds of thousands of underwater borrowers have been able to participate, now they want to broaden it to people who d
phoenix up dramatically 22%, one of the cities creamed in the downturn. where are the bright spoos in this country? >speak when it comes to price increases, places like phoenix, detroit and more recently las vegas, parts of florida and even atlanta. places all hit hard during the bus. but a lot of it is coming from investor interest. there are other interests that have even stronger fundamentals missing the boom and the bus. gerri: i have to tell you everybody feels the pain, i think. the...
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the greatest manufacturing city in the world at the time, and it peaked. they have been democrat ever since. they have fallen off a cliff. 40% of the street lights don't work. 33% -- they spent 33% more than they take in. 47% of the people there are functional illiterates. and number two highest violent crime rate of any middle to large-sized city in the country. so you've got a couple things here. you have chosen a path. you said you know what? we like the idea that the democrats are giving to us and you have gone down this path for 50 years and you have nothing to show for it but despair. a bailout is not going to solve your problem. think about what you are doing when you go to vote. would a bailout be a gift, with someone saying straighten your life out now. stuart: i agree with you. this is surely a larger picture here. if detroit wants it and appeals to the president to get some money because they voted for the president, what about california? what about illinois? what about any other of the states which voted overwhelmingly for president obama and
the greatest manufacturing city in the world at the time, and it peaked. they have been democrat ever since. they have fallen off a cliff. 40% of the street lights don't work. 33% -- they spent 33% more than they take in. 47% of the people there are functional illiterates. and number two highest violent crime rate of any middle to large-sized city in the country. so you've got a couple things here. you have chosen a path. you said you know what? we like the idea that the democrats are giving to...
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that's how fine grained it get in new york new york city on the subway pushi welfare programs. it informs and pushes them. >> but getting back to the porty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives arerong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i agree with victoria that we have a welfare industrial complex. and in ordero keep these people on foodtamps, we got to -- >> and creating a sense of depeppedency from fdr and bill clinton and senators . this is not just republicans and conservatives. >> that is it a valid. if you want to reform welfare to resolve the problems that you are raising. they are valid problems . we will not mix it up b condemning people who need help right now because times are bad. people need to fee their families. >> but victoria. are we advocating policiless at keep poor people poor? >> i think
that's how fine grained it get in new york new york city on the subway pushi welfare programs. it informs and pushes them. >> but getting back to the porty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives arerong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these...
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. apple and other tech giants went down this week. right. >> they are poise to benefit from obama care and states filled out health care exchanges. >> good company and morally badec
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. apple and other tech giants went down this week. right. >> they are poise to benefit from obama care and states filled out health care exchanges. >> good company and...
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Dec 24, 2012
12/12
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while you're at it sue the new york city parks department. on 11 blocks from here 59th and 5th, life-size nativity scene on public property not surrounded by secular symbols that is entirely legal. if i put it on the grounds of city hall that gives a certain governmental endorsement. i respect that endorsement. this is open to artists, musicians, cat licks, protestants and jews. they have the biggest menorah in the world. good for jews. atheists have on about lying to us. don't believe their nonsensers you cleaned that up. bill donahue, thank you very much. >> okay. lou: great to see you. have a very merry christmas. >> thank you, lou. lou: farmers unite, chickens prevail. epa pressured to back down from horribly abusive is plan to regulate a west virgina chicken farmer. why is that important? because the epa is backing down. up next, former homeland security director tom ridge joins us. colonel oliver north and former arkansas governor mike huckabee also among our guests. stay with us. deadly snowstorms sweeping across the midwest. holiday t
while you're at it sue the new york city parks department. on 11 blocks from here 59th and 5th, life-size nativity scene on public property not surrounded by secular symbols that is entirely legal. if i put it on the grounds of city hall that gives a certain governmental endorsement. i respect that endorsement. this is open to artists, musicians, cat licks, protestants and jews. they have the biggest menorah in the world. good for jews. atheists have on about lying to us. don't believe their...
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Dec 26, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life. gerri: it is called the shadowdo banking system, hedge fund, money market fund, any lender typically not aw st bank and bld by many for the global financial crisis. they're bigger than ever at $67 trillion in terms of assets accordinto an report from the financial stabilityrd board. i asked editor-in-chief ofnanc american banker about the risks it poses
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity not only helps kids stay...
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arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fightg takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, i particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. officials confirmed to fox news that syria have fully mixed an unknown quantitity of the deadly nerve agent loading it on to breakable canisters, an aerosol form to be dropped from above. in dublin, secretary of state clinton met with the russian foreign minister whose regime steadfastly defended syrias, but that changed as the russian leer, close to putin said, quot we have shared and do she the opinion that the existing government in syria has to carry out its function, but time shown this task is beyond its strength. >> it's now up to the russians to do everything possible and maximize their influence to ensure he does not use th
arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fightg takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, i particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. officials...
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Dec 25, 2012
12/12
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citi price rewind. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. gerri: world'stests gerri: the world's hottest cars are taking the stage for the 2012 los angeles auto show. automakers unvei unveiling near0 new vehicles. including world first from chrysler, ford, gm, bmw andswag volkswagen. a sneak peak before friday's public debut, consumer reports is live in los angeles with the very latest. you here. such a fun segmentment tell me, first, what trends are you seeing out there? something that might be new or different that people can expect coming up. >> sure. the l.a. show, you see a lot of electric cars, fuel efficient cars. there are the electric cars, but we're seeing a lot of normal cars getting more and more fuel efficient. everything's more fuel efficient and keeping the function. gerri: you said utility is a big thing. what do you mean by that? >> utility, i mean, you know, people think you get a fuel first time car, it's a littl
citi price rewind. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. gerri: world'stests gerri: the world's hottest cars are taking the stage for the 2012 los angeles auto show. automakers unvei unveiling near0 new vehicles. including world first from chrysler, ford, gm, bmw andswag volkswagen. a sneak peak before friday's public debut, consumer reports is live...
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Dec 28, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeeis a magic carriage. citi price rewind. start saving at citi.com/pricerewind. agree with mr. obama when he said, we can't tolerate this any more. he's right. but we are tolerating so much that we should not in this country. should we tolerate the murders of almost 500 people in one city over 01 your time frame? preserve our national grief for 20 children and six adults slaughtered in a matter of minutes last friday. should there be as well a presidential presence in multi religion prayer vigil in chicago perhaps as well a speech by the present to the nation. and please don't misunderstand me. i applaud the president's sense of words and the time he shared with the families of the citizens of the town yesterday to my but he would also urge reflexion and consideration of the facts when we know them and take into acco
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeeis a magic carriage. citi price rewind. start saving at citi.com/pricerewind. agree with mr. obama when he said, we can't tolerate this any more. he's right. but we are tolerating so much that we should not in this country. should we tolerate the murders of...
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Dec 10, 2012
12/12
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you're very fft. >> i run in the city all the time, hav have to show you the handbag i got, people told me it was a dumb thing. it is not a dumb thing, is it? >> i love it. you're going to steal that now? we will see you tomorrow. "the willis report" is coming up next. >> tonight the sec thinks the time to get rid of ccll phone bans on flights. will the airlines agree? and despite the fiscal cliff, there are many positives heading into 2013. we will tell you what the biggest one is. welcome to "the willis report." hey, everyone, i am tracy byrnes in for gerri willis. the only have 21 days separate in the u.s. for more than $500 billion in tax hikes. while both sides say the lines of communication are open. getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a c
you're very fft. >> i run in the city all the time, hav have to show you the handbag i got, people told me it was a dumb thing. it is not a dumb thing, is it? >> i love it. you're going to steal that now? we will see you tomorrow. "the willis report" is coming up next. >> tonight the sec thinks the time to get rid of ccll phone bans on flights. will the airlines agree? and despite the fiscal cliff, there are many positives heading into 2013. we will tell you what the...
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Dec 27, 2012
12/12
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ohio, michigan, indiana stretching all the way out to the eastern seaboard if the city is sucked in, that is where the flights are being canceled. still a very serious storm, six people killed, mostly people whw elected to get out on the lik roadways. iow these are states like iowa, indiana, illinois with more than a foot of snow pouring down. all those people trying to get home now between them and home e windw, ice and gale forc gusts up to 50 miles per hour. also whipping up a number of tornadoes.tes. we have places like church, they missed midnight mass, several churches destroyed, lots of structures destroyed, and hundreds of thousands of people without power and the storm is still at work up to the easternt seaboard. eric: thank you very much. from chicago to philadelphia were 150 flights have been canceled at philadelphia international airport alone. >> hi, how are you? it had upwards of 200 flightser canceled today as a result of the weather here and elsewhere. we strongly recommend everybody check with airlines on the status of the flight of their traveling were coming to th
ohio, michigan, indiana stretching all the way out to the eastern seaboard if the city is sucked in, that is where the flights are being canceled. still a very serious storm, six people killed, mostly people whw elected to get out on the lik roadways. iow these are states like iowa, indiana, illinois with more than a foot of snow pouring down. all those people trying to get home now between them and home e windw, ice and gale forc gusts up to 50 miles per hour. also whipping up a number of...
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Dec 26, 2012
12/12
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people talk to me about this all the time in new york city. they say higher taxes are grover norquist fault. he has not come to the table or been willing to negotiate. he is the person who forced members of the house of representatives to say no more taxes. what do you say? >> first of all, as you know, from congress to the senate and people in his or her state -- this pledge is protecting american people through tax increases. we haven't had a republican republican vote for a tax increase in 22 years. that has really slowed down the growth of government from what it would've been otherwise. now, obama comes in and wants to spend more and raise taxes. republicans are saying no. we would have a problem if obama hadn't increased the budget by a trillion dollars more a year. gerri: let's face it, whether you're talking about stimulus spending, obamacare, that's3 going to go through the roof, the things that you're going to pay for all this with higher taxes is lunacy, to say the least. on that note, we're going to have to leave it there. thank yo
people talk to me about this all the time in new york city. they say higher taxes are grover norquist fault. he has not come to the table or been willing to negotiate. he is the person who forced members of the house of representatives to say no more taxes. what do you say? >> first of all, as you know, from congress to the senate and people in his or her state -- this pledge is protecting american people through tax increases. we haven't had a republican republican vote for a tax...
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we use 3 billion with a b, melissa, in the city of chicago. every time we clean out a sewer and every time we clean a park and every time we clean streets we pull the plastic bags out of the sewers and off the trees. they cost taxpayers hundreds of thousands if not millions of dollars a year. that is bet ware i. there is better way we have affordable, composeable bags that look and feel like placic, made of greener sources not petroleum based sources overseas and saudi arabia. there is bet way to do this. other municipalities that have done this have great result. >> break down some of the points. 85 to 90% of the bags are not recycled according to "the wall street journal.". >> so we're, paper bags, we're not saying that paper bags are option. best as you know bring your own bags. they have value. we already have stores that do this. melissa: you have to ban plastic bags in order to get that done. why don't you provide incentive. give them a discount. >> we tried to do that in '07. i was not on the council. we tried to recycle bags. it has go
we use 3 billion with a b, melissa, in the city of chicago. every time we clean out a sewer and every time we clean a park and every time we clean streets we pull the plastic bags out of the sewers and off the trees. they cost taxpayers hundreds of thousands if not millions of dollars a year. that is bet ware i. there is better way we have affordable, composeable bags that look and feel like placic, made of greener sources not petroleum based sources overseas and saudi arabia. there is bet way...
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Dec 28, 2012
12/12
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should we tolerate the murders of almost 500 people in one city over 01 your time frame? preserve our national grief for 20 children and six adults slaughtered in a matter of minutes last friday. should there be as well a presidential presence in multi religion prayer vigil in chicago perhaps as well a speech by the present to the nation. and please don't misunderstand me. i applaud the president's sense of words and the time he shared with the families of the citizens of the town yesterday to my but he would also urge reflexion and consideration of the facts when we now them and take into account the fact that we do know. chicago right now is the murder capital of this country. those killings in chicago have risen to 20 percent of the past year. up 20%. despite the lmost always on mentioned fact that chicago has one of the toughest gun-control laws of almost any city in this country. the president called for change and change is underway. a federal appellate court tossed out the state of illinois ban of concealed weapons. the last state to deny that right to its citizens
should we tolerate the murders of almost 500 people in one city over 01 your time frame? preserve our national grief for 20 children and six adults slaughtered in a matter of minutes last friday. should there be as well a presidential presence in multi religion prayer vigil in chicago perhaps as well a speech by the present to the nation. and please don't misunderstand me. i applaud the president's sense of words and the time he shared with the families of the citizens of the town yesterday to...
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Dec 11, 2012
12/12
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$17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the
$17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis,...
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. ♪ lou: the weekend murder suicide committed by kannas city linebacker left the nfl community and the country just grasping for answers as to what was going on in this amendment. a great tragedy. the sixth nfl player in the past two years to take is on life. six nfl players raising the questions about traumatic brain energy, the nfl, and what is going on. joining us to help understand as best we can what happened and what we should be thinking about your as citizens, parents and family members and friends, psychologists and professor and psychotherapist. let me start with the fact that this was such a -- i mean, he apparently shot his girlfriend nine times. i mean, this is just an unbelievable. his friends to my teammates, coaches, no one to believe he had done it. >> but this was also someone who was abusing alcohol and drugs who may have had a brain injury, although i would say the probably the abuse of alcohol and drugs can make a depression more profound to make him more out of touch and more desperate. it. lou: a number of people and commented about his short-term memory that he
. ♪ lou: the weekend murder suicide committed by kannas city linebacker left the nfl community and the country just grasping for answers as to what was going on in this amendment. a great tragedy. the sixth nfl player in the past two years to take is on life. six nfl players raising the questions about traumatic brain energy, the nfl, and what is going on. joining us to help understand as best we can what happened and what we should be thinking about your as citizens, parents and family...
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only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >> our inforevermores say the stox are more powerful than a powerball. emac and johnson controls? >> they make essentially energy equipment to make energy efficient . it is pricey and earnings are not coming in strong buy it wh it drops below $. >> i like companies that make thingings. >> but as
only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >> our inforevermores say the stox are more powerful than a powerball. emac and johnson controls? >> they make essentially energy equipment to make energy efficient . it is pricey...
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Dec 11, 2012
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size of the city bye the bulldozing abandon the properties. could you really, i mean thats an interesti idea. could you really do that? what would it te? is it legal? and how would itp? >> well,e have a lot of prooerty the city has taken in. they're paying no taxes. it is just basically vacant property. and i know there are businessmen that have offered come in and help, rhaps put agriculture in the area. something to pay a few taxes. so far the city council says no. melissa: so why would bullzing it and making the citymaller, are you taing out bulldozing land n one owns it? i guess i don't understand the details of that? >> a lot of pperty has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time toake the city safer by getting rid of those vacant homes. melissa: if you had toet, what wld you bet is really going to happen here? >> well, right now i think it will drag outor a while. we're all hoping the cit council comes to their senses. nobody wants to see a bankruptcy.
size of the city bye the bulldozing abandon the properties. could you really, i mean thats an interesti idea. could you really do that? what would it te? is it legal? and how would itp? >> well,e have a lot of prooerty the city has taken in. they're paying no taxes. it is just basically vacant property. and i know there are businessmen that have offered come in and help, rhaps put agriculture in the area. something to pay a few taxes. so far the city council says no. melissa: so why would...
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three. apple investors are having a rough time with the dow down. the stock down 9 percent this week. but even with that selling,
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member...
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Dec 11, 2012
12/12
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$17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to see whetether washington can wok out a deal to aid the scal cliff. stocks rising, well, modestly is a big, strg word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. tring light. technology stocks strong in the market, an i'm speaking
$17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of...
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detroit council woman joanne watson asked for bailout for the cash-strapped city. the president heading there. >> ofourse not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate exmple of the realities of this type of political process. >> brenda: well, jonas, didn't michigan, didn't detroit already get a bailout. >> yes, it was called the auto bailout. and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it
detroit council woman joanne watson asked for bailout for the cash-strapped city. the president heading there. >> ofourse not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate exmple of the realities of this type of political...
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super arkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewin >> it is causing these extreme weather events. dirty energy causing dirty weather, and we have to come to our senses and do something about it. >> i deeply respect our president, thankful for the steps taken, but we can want have four more years of mentioning this occasionally and say it's too bad the congress can't act. neil: all right, if barack obama thought he was going to get a pass from al goron the global climate change warming, whatever they call it these days, not happening. we are here whether this might make the white house move even more quickly on climate change. melissa, what do you think? >> it's funny there's al gore lobbying cocktails at the president from this podium. he said the atmosphere was an open sewer, a fabulous im
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super arkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewin >> it is causing these extreme weather events. dirty energy causing dirty weather, and we have to come to our senses and do something about it. >> i deeply respect our...
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Dec 25, 2012
12/12
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washington dc s the only city in the united states that has had taken continuous growthh >> what about when gas comes down? >> you have a gas situation where you have $4000 and their wages have only gone up about 1%. was coming up, where is the thing going to? >> it leaves cut taxes. >> i'd like to see taxes go down and someone say america is great. let's do everything we can to eliminate obstacles to success vmax my next guest says that regulations are really killing business. we have congressman eric cantor, the house majority leader is pushing to cut the red tape. and since he does have out there, he actually has a shot at doing it. it's just too hard right ow for businesses to continue to operate, given all the onerous and burdensome regulations coming out of washington. and we want to make that stop so we can turn the country around and began to be a starter country again. know th the obama administration over the course of the term has imposed 400 regulations that impose more than $0 million of costs annually on small businesses. the small business administration has said that th
washington dc s the only city in the united states that has had taken continuous growthh >> what about when gas comes down? >> you have a gas situation where you have $4000 and their wages have only gone up about 1%. was coming up, where is the thing going to? >> it leaves cut taxes. >> i'd like to see taxes go down and someone say america is great. let's do everything we can to eliminate obstacles to success vmax my next guest says that regulations are really killing...
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Dec 10, 2012
12/12
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yes, they can pass a law, but the law does not solve the problem, but creates new ones. in my city last week, there were protests in front of mcdonalds. unions want fast workers paid more. the new "new york times" put thn the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like thegovernment use force. if they want a15 minimum, that's what employers must pay. that sounds good to people. everyone will get a raise. the problem comes from what is not seen. i can interview the guy who got a raise. i can't interview the g who dn't open a mcdonalds because work rules were too onerous or those never offered a job because high union paid skills protected him out of a job. we don't know who those people are. they are the unscene victims of the government's protections. it's frustrating to plain the unseen. sometimes i fear no one
yes, they can pass a law, but the law does not solve the problem, but creates new ones. in my city last week, there were protests in front of mcdonalds. unions want fast workers paid more. the new "new york times" put thn the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like thegovernment use force. if they want a15 minimum,...
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Dec 10, 2012
12/12
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remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interceptions fumbled four times and gained 154 yards and seattle undefeated at home and then there's this. the n
remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit...
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Dec 10, 2012
12/12
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so far the city council says no. melissa: so why would bulldozing it and making the city smaller, are you talking about bulldozing land no one owns it? i guess i don't understand the details of that? >> a lot of property has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time to make the city safer by getting rid of those vacant homes. melissa: if you had to bet, what would you bet is really going to happen here? >> well, right now i think it will drag out for a while. we're all hoping the city council comes to their senses. nobody wants to see a bankruptcy. if that happens, vultures come in and they will pick up all the jewels of city. cobo hall. we have belle isle. i hope it doesn't ever happen but we have the detroit institute of arts down there. and who knows what would be purchased, what would be gone forever. melissa: i don't know. vultures by an investor might be a good solution. give us an update as more happens. a fascinating story.
so far the city council says no. melissa: so why would bulldozing it and making the city smaller, are you talking about bulldozing land no one owns it? i guess i don't understand the details of that? >> a lot of property has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time to make the city safer by getting rid of those vacant homes. melissa: if you had to bet, what would you bet is really going to happen here?...
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Dec 19, 2012
12/12
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by the way, interesting to think what would have been the reaction had a white actor city is to kill black people. to the point, samuel l. jackson disagrees that this is not about people going to movies or video games that have violence in them. does not have anything to do with it. what would you say? >> when we take an individual who is on the table one way or the other end there are millions and millions of people like that in america today. youth theater and the sickest video games and movies jonesboro middle school, virginia tech, now giving a sell as adults in our movie theaters and schools. the mass murders, the "wall street journal" article, the mass murders are skyrocketing across america and across the planet. this is a worldwide phenomenon. there is only one new factor in the equation, all of the old problems are still there, still important. but the new factor is the death and were fed to our children. the sickest movies and this is video games are very, very sick indeed. lou: with you think the odds are , colonel, that president obama, members of his party, and congress
by the way, interesting to think what would have been the reaction had a white actor city is to kill black people. to the point, samuel l. jackson disagrees that this is not about people going to movies or video games that have violence in them. does not have anything to do with it. what would you say? >> when we take an individual who is on the table one way or the other end there are millions and millions of people like that in america today. youth theater and the sickest video games...
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Dec 31, 2012
12/12
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the party startening new zealand and australia, auckland, sydney, the first cities in the world to celebrate the new year, i guess new zealand is over the cliff. sydney and japan and australia, and either on the edge of the cliff or just tipped over. all right. that's new year's eveover seas, let's check in on the celebration at home. lauren simonetti from times square, i have only one observation, unless you're drinking heavily, drunk as a skunk you're going to be cold tonight, isn't that right? >> or this morning, i've got my hand warmers over here, my space heater over year, stuart. >> really? >> in 1917. i'm so glad i wasn't alive then. stuart: a question for you. >> go ahead. stuart: in america we say you have goose bumps when you're very cold. in england we say you're hen-fleshed. are you either this morning? >> i am both, put together. times a hundred. stuart: excellent. >> i look like rudolph with my nose. stuart: may i recommend you wear a hat and i'm losing my hair and-- >> i do, i have a hat with me as well as ear warmers just not for this hit. can i tell you some things going on
the party startening new zealand and australia, auckland, sydney, the first cities in the world to celebrate the new year, i guess new zealand is over the cliff. sydney and japan and australia, and either on the edge of the cliff or just tipped over. all right. that's new year's eveover seas, let's check in on the celebration at home. lauren simonetti from times square, i have only one observation, unless you're drinking heavily, drunk as a skunk you're going to be cold tonight, isn't that...
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Dec 24, 2012
12/12
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local governments, counties, cities, they create airports in faa.nction with the whats happening around the country is like what i call if you build it they will come fallacy. remember that movie. that was fantasy. people don't seem to understand that, so whatde happens is aroud the country you have dallas-fort worth and atlanta, because the regions are growing, they are investing in their airports. gerri: a lot of developments around there. >> what is happening is in other places around the country they look at this and say they're spending money in the region is growing. if we spend money on our airports, our region will grow.e no. all these examples. gerri: mid-america st. louis.an >> and offload her to st. louis on the one hand and chicago on the other hand. governments ban spending $300 million subsidizing 300 airlines to do business there. all of them gave up with abusi business and don't have any flights out of a there. except occasional charter th flights. this is after 12 years, the county government has invested something like $150 million after they built it. it i,s like thro
local governments, counties, cities, they create airports in faa.nction with the whats happening around the country is like what i call if you build it they will come fallacy. remember that movie. that was fantasy. people don't seem to understand that, so whatde happens is aroud the country you have dallas-fort worth and atlanta, because the regions are growing, they are investing in their airports. gerri: a lot of developments around there. >> what is happening is in other places around...
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Dec 13, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. yoknow we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. se on ground shipping at fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. ♪ lou: back with the a-team, and look at the poll i referenced today, fox news poll, showing that those folks surveyed believe that mostly spending cuts are the best solution to the deficit,
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. yoknow we've been open all night. is...
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the votes. now show us the money. >> our people in an overelmingly supported the reelection of this president and there ought to be a quid pro quo a ought to exercise leadership on that.
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid...
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Dec 13, 2012
12/12
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FBC
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eye 107
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one name defined the laws of gravity. solar city, soaring up 1.5% today. this after a price cut and a one-day delay. they completed the ipo selling more than 11 million shares at $8 a pop. half of the expected range. we have both the chairman and ceo, actually cousins, coming up in the next hour. what they have to say. they did not put it off, you can see the big move. zero plate to quality, the gold brick falling off of mount everest. the market is not looking good either. traders. okay. we could really pinpoint this to speaker john boehner speaking at 11:30 a.m. and the traders must have believed there isn't a deal and this is not baked into the cake we will have a deal before the end of the year. >> this market is all about what have you done for me lately and if you look at the chart can be considered a way it angled lower and lower after coming out of washington but hit rewind, go back to yesterday and the day before, the market reacted positively, so it shows us how sensitive the market is right now and clearly we are running out of time. tomorrow is
one name defined the laws of gravity. solar city, soaring up 1.5% today. this after a price cut and a one-day delay. they completed the ipo selling more than 11 million shares at $8 a pop. half of the expected range. we have both the chairman and ceo, actually cousins, coming up in the next hour. what they have to say. they did not put it off, you can see the big move. zero plate to quality, the gold brick falling off of mount everest. the market is not looking good either. traders. okay. we...
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Dec 29, 2012
12/12
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exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like this and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one that puts -- foots the bill for all of this. where is a screaming? >> talking to young people. frankly, our organization and a few others i1 of the few organizations talking to young people who are conservative. many debt more conservative talking to young people, explaining these issues, going to college campuses not being afraid to get a college campuses demagogy and communities. right now we read them -- of, that's the liberal environment. we can't go there which is why we're losing that battle. tom: the conversation takes place to sit connect the dots, listen, we thought we voted for this inspirational person. yet all we are getting is more debt handed to us. again, i repeat that republican and democ
exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like this and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one that puts -- foots the bill for all of this. where is a screaming? >> talking to young people. frankly, our organization and a few others i1 of the...
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government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is i a problem with pensions . they are underfunded and we need to do something about it and the big thing here david, let's be fair and they are benefits that are promised to the employees and we nide to make them whole and they were promised in llieu of pay. >> mike, no one is talking about taking away what was promised. this was for new employees and going into the future. one of the things this will stop david is the way policians get taxpayers to sign off on the pensions. only so much in salary and we are going to make up the difference and benefits with investment returns . they don't materialize you get situations like california. in california they are shutting down entire strites. >> i think everybody we hav
government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is i a problem with pensions . they are underfunded and we need to do something about it and the big thing here david, let's be fair and they...
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587
Dec 24, 2012
12/12
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it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is followed by "rise of the guardians." dagen: i have no interest. dennis: okay. dagen: i will send all of my family to go see it. this woma
it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done...
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Dec 29, 2012
12/12
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in this will be the union pacific, the kansas city southern. up in canada we have both the canadian pacific and canadian national who are looking to double their rail shipments of crude oil next year. adam: is this an efficient way to ship oil? there has to be cheaper way to do this? i would imagine an investor who can get in on that would make even more money? >> no doubt it is much more expensive to move oil by tanker car rather than pipeline but the fact of the matter is we're not going to build any pipelines from north dakota through the rockies over to california. nor are we going to build pipelines across pennsylvania, new jersey, to the few refineries on the east coast. so these guys are going to be sitting with rail supplies for quite some time. adam: okay. we talked about the rail companies. who else. are there smaller companies i might be able to start researching to invest in that will part of this $45 billion bonanza just next year? >> if we look to the pipeline companies, there is a number of big winners there, starting with enbrid
in this will be the union pacific, the kansas city southern. up in canada we have both the canadian pacific and canadian national who are looking to double their rail shipments of crude oil next year. adam: is this an efficient way to ship oil? there has to be cheaper way to do this? i would imagine an investor who can get in on that would make even more money? >> no doubt it is much more expensive to move oil by tanker car rather than pipeline but the fact of the matter is we're not...
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Dec 25, 2012
12/12
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eighteen out of 20 top cities are now showing growth. [inaudible] lou: what do you think? lo >> the general view is if you look at long-term trends fromne, 1968 onward, you know that there was a bubble in the 2006 and wei 2007 time.the general vi the general view is that it will take a while to get their. lou: so someone is looking at am profit and they might eagerlyrah jumper t at that rather than wat for a full gross? >> that is the general deal. the lou: we are looking at the trila housing market value, around 17 trillion from a little over , $10 trillion in debt.t how much do you expect to see w- the market actually grow? u.s. >> well, the market is shrinking. you know, the u.s. consumers have leverage of about 124% and now it is about 114%. terms that is one of the biggest headwinds. that is not a such a bad thing either. if you think about. lou: so you say that this is a market that is honorable? kn, >> i would say that this recovery is fragile. tchy. it depends -- it has also been very patchy., very it is going from a very low point in the economy, clouding some of
eighteen out of 20 top cities are now showing growth. [inaudible] lou: what do you think? lo >> the general view is if you look at long-term trends fromne, 1968 onward, you know that there was a bubble in the 2006 and wei 2007 time.the general vi the general view is that it will take a while to get their. lou: so someone is looking at am profit and they might eagerlyrah jumper t at that rather than wat for a full gross? >> that is the general deal. the lou: we are looking at the...